Eminence Dabbles in Private Market with Whipclip Funding

In a second-quarter letter, the hedge fund firm’s founder, Ricky Sandler, describes investment and his so-far struggling 2015 portfolio.

Ricky Sandler’s New York-based Eminence Capital recently made a new private investment, joining the expanding ranks of hedge fund managers dipping into this illiquid market to boost returns.

In his second-quarter report sent to clients and obtained by Alpha, Sandler said that in July his firm led a Series C funding round for Whipclip, an online and mobile application platform for the legal sharing of short video clips of live television and music videos.

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